Client discounts for on time payments
Out of context: Reply #10
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- fyoucher10
Heh, being paid on time is rare for me. In some cases, some of the bigger clients pay extremely late (think 180+ days). But at the same time, they're providing constant work and it doesn't become noticeable once they all start coming in. However, some of them will pay early if you do provide a discount but it's something the client typically needs to know well ahead of time if you actually want it to happen, especially if they have a procurement dept. Good luck trying to collect late fees and maintaining that client. I think the discount is a great idea but wouldn't recommend actually doing it, unless you're strapped with cash. Why give away money. I think the best thing to do is be persistent, give reminders, and bug the shit out of them (nicely). Agree with Formed on the 'Due Upon Receipt' thing but he forgot to mention bolding the shit out of that. Yeah, you don't get discounts for paying early on your utility bills, but I wouldn't consider clients, the people paying you moneys, as the same idea.